Choose the One Most Appropriate Answer for Each

question 78

Multiple Choice

Choose the one most appropriate answer for each.
-a separate account for holding client's and customer's money

• A)agent
• B)agency by estoppel
• C)boycotting
• D)buyer's broker
• E)commingling
• F)dual agency
• G)fiduciary relationship
• H)implied authority
• I)middleman
• J)ostensible authority
• K)price fixing
• L)principal
• M)property report
• N)puffing
• O)sales associate
• P)special agency
• Q)subagent
• R)third parties
• S)trust account
• T)universal agency

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Definitions:

Economic Means

The methods or resources available for achieving economic objectives, such as wealth accumulation or resource allocation.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used to analyze the effect of one variable on another by holding all other relevant factors constant.

Other Things Equal

A Latin term (ceteris paribus) used in economics to signify examining the effect of one changing factor when all other factors remain constant.

Normative Economic Statement

An opinion or judgment that reflects values or what ought to be, rather than factual claims about what is.